Alternative reinsurance capital

Articles discussing alternative reinsurance capital. Largely sources from third-party investors in the capital markets, alternative reinsurance capital is increasingly being leveraged by reinsurers as a cheaper cost source of risk transfer while for investors the access to reinsurance returns as an investment is growing in popularity.


North Yorkshire Pension Fund increased ILS allocation to Leadenhall

The North Yorkshire Pension Fund, a pension scheme for council and local government workers in the Yorkshire region of the United Kingdom, increased its allocation to insurance-linked securities (ILS) funds under the management of Leadenhall.Having originally won a mandate from the pension fund for an £80 million allocation in 2018, read the full article →

California wildfire reinsurance may rise 30%-70% as market smarts from losses: S&P

Rates for renewals of California wildfire exposed reinsurance programs or coverage could see increases of as high as 30% to 70%, as both traditional and alternative markets smart after two heavy loss years, according to S&P Global Ratings.Insured losses across the 2017 and 2018 California wildfire seasons reached around $33 read the full article →

Allstate’s cat losses rise to $2bn YTD, on hail, storms and creep

In the month of July U.S. primary insurance giant Allstate was again hit by fresh losses from convective storm activity and in particular hail damage, while loss creep from the same type of events that struck in previous months was also accounted for.Allstate reported estimated catastrophe losses for the month read the full article →

Swiss Re puts insured catastrophe losses at $19bn for H1 2019

Global reinsurance firm Swiss Re has estimated that first-half 2019 natural catastrophes and severe weather events around the globe cost the insurance industry $19 billion, covering just 42% of the $40 billion economic impact.The percentage of economic losses insured is lower than a year ago, on Swiss Re's data, when read the full article →

Arch acquiring tech & third-party capital focused MGU Ventus

Arch Insurance North America, a division of insurance and reinsurance specialist Arch Capital Group, has announced that it will acquire the technology and third-party capital focused managing general underwriter Ventus Risk Management.Regular readers will be familiar with Ventus Risk Management, a company focused on sourcing and underwriting property catastrophe and read the full article →

Tysers launches in Bermuda, targets production of ILS related business

Near 200 year old insurance and reinsurance broking group Tysers has opened its first Bermuda office as it seeks further expansion and to produce business from both traditional and alternative or ILS markets on the island.Tysers has a long history of specialty lines broking, particularly in the London market, but read the full article →

Expect more re/insurance & ILS convergence through M&A: S&P

Mergers and acquisitions (M&A) activity is expected to continue driving greater convergence of traditional insurance and reinsurance with the insurance-linked securities (ILS) market, S&P Global Ratings expects.With conditions in reinsurance in general remaining a little pressured, in terms of earnings, while capital remains abundant, S&P believes that structural changes in read the full article →

Best of Artemis, week ending 11th August 2019

Here are the ten most popular news articles, week ending 11th August 2019, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.Super Early read the full article →

RGA patiently waiting for first Langhorne Re deal: Manning

Reinsurance Group of America (RGA) is waiting patiently to execute its first transaction using the joint-venture, third-party capital backed life and annuity reinsurance firm Langhorne Re and has got close, but a first deal still eludes the company.Reinsurance Group of America (RGA) started Langhorne Re alongside its partner in the read the full article →

Beazley names Roscoe to lead smart tracker syndicate 5623

Lloyd’s specialist insurance and reinsurance player Beazley has named employee Will Roscoe as the new leader for its third-party capital backed ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623.Beazley launched its SPA Syndicate 5623 at the beginning of 2018, with the vehicle taking a 75% quota share of broker facilities read the full article →